Food inflation eases to 9.55 %
13 years, 6 months ago

Food inflation eases to 9.55 %

The Hindu  

Food inflation eased to single digit at 9.55 per cent for the week ended August 27 from 10.05 a week ago but provided hardly any relief to the common man as all items, except wheat and pulses, continued to rule at higher levels. Significantly, inflation in non-food articles, including fibres, oilseeds and minerals, was pegged at 19.88 per cent for the week, up from 17.19 per cent in the previous week while the inflation index in the fuel and power segment stood unchanged at 12.55 per cent. Accounting for a 20 per cent share in the WPI basket, inflation in primary articles was also higher at 13.34 per cent for the week ended August 27, up from 12.93 per cent in the previous week. Coupled with the weekly price variation could be the high base effect on an annual basis as food inflation was at a high of 14 per cent during the corresponding week a year ago.

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